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Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Friday May 25th we're bringing you the latest news from around the markets as well as the top movers to look out for today... (HEADLINE NEWS) In Headline News Today... After showing some fatigue all week, new evidence that diminished the prospect of a Fed rate cut anytime soon pulled the rug out from under equities Thursday. Before the bell, April durable orders checked in with their third straight increase and the March figure was upwardly revised to 5.0%. Core capital equipment, often considered a barometer of business investment trends, posted a healthy 1.2% rise, further suggesting that the underlying trend in orders might be rebounding after a soft period Also out at 8:30 ET were weekly jobless claims. They rose for the first time in six weeks, increasing to 311,000, but were still at a very low level to suggest tight labor conditions. Also comforting, especially to homebuilders, was the supply of unsold homes. It fell to a 6.5-month supply from an 8.1-month supply in March as median prices plunged the most since 1970 While the data initially eased concerns about the severity of the problems in the new home market, lifting the major averages to session highs, the day's reports also reined in the hopes of those expecting a rate cut soon. The housing report was a net positive for stocks, as it lessened the downside risks; but a market seemingly ripe for a pullback viewed the questionably "bad" news with respect to the interest rate scenario as an excuse to take some money off the table ahead of the holiday weekend All 10 economic sectors lost ground, with Utilities getting hit the hardest. Energy was another disappointment, as the absence of its leadership offset a 2.3% plunge in oil prices. Weakness throughout Technology, though, was the biggest thorn in the market's side today And now for our Small Cap News... brought to you by Novori Inc. (NOVO.OB) Founded in 2004, Novori Inc. (NOVO.OB) is a publicly traded independent online jewelry retailer with headquarters in Bellingham, Washington with operations in California USA During the next few days The QualityStocks.net Daily will be profiling the companies that will be presenting at the RedChip Small-Cap Investor Conference in San Francisco, California on May 29-30, 2007 in recognition of what we in the Small Cap world feel is a tremendous event to be a part of... Tank Sports announced an update recently on the integration progress of the company's post-acquisition of Redcat Motors. Redcat Motors is an importer and distributor of off-road power-sports products from China. Minera Andes Inc. announced last month that the results of the 2006 exploration program yielded increased silver and gold reserves by approximately 71% from the reserves announced in the news release of October 24, 2005 The company also announced that a second wave of production is scheduled to commence in the Santa Cruz province, southern Argentina starting in the second quarter of this year. The goal of the drilling program is to add new reserves and resources, and to identify new veins that will increase mine life and facilitate the expansion of production at the San Jose project And that's our newsmakers, Stay tuned right here to Quality Stocks Daily for the latest news from small cap to large cap, and everything in by QualityStocks.Net, where performance is tracked daily. Thank you for tuning in, I'm Cathy Rankin, Have a great day and we'll see you tomorrow, right here on the daily report.